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Are semi-conductors the new oil?

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Semi conductors are the most important technology in the world, so it’s no surprise they are at the centre of growing tensions between U.S. and China.

 
Semi conductors are in every piece of our technology these days, from our phones to our cars.

And they are also central to national security.

Or so the Biden administration seems to think, as they recently announced a ban on U.S. companies investing in certain Chinese technologies, including these chips.

They are also a central issue in the tension over Taiwan, which produces the world’s most advanced chips.

But will these bans work? Or will they have any unintended consequences?

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